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Updated almost 5 years ago,

User Stats

59
Posts
17
Votes
Justin Wilson
  • Pflugerville, TX
17
Votes |
59
Posts

Moving an LLC from MA to OH

Justin Wilson
  • Pflugerville, TX
Posted

Hello,

i currently have an LLC based in Massachusetts with property in Ohio. I would like to move the LLC to Ohio to lower the tax burden. I called both Secretaries of State and found out I would have to register with Ohio as a foreign LLC. I also found out I would have to completely dissolve the Massachusetts LLC. Thus, I would basically be closing one company and starting another in a different state. My question is what happens to the assets / liabilities of the Massachusetts LLC. Would I have to do a separate asset transfer? Also, would any transfer of ownership or closing of the LLC trigger a mortgage due on sale clause? Does anyone have experience with this or know where I can find a good RE lawyer?

Thanks,

Justin

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